Almost 40% of small businesses never reopen their doors following a disaster because just a few inches of water can cause tens of thousands of dollars in damage. From 2007 to 2011, the average commercial flood claim was over $75,000. Flood insurance is the best way to protect yourself from devastating financial loss.

Q. My business has never flooded before. Why would I need flood insurance now? I'm not even near the water.

A. You don't have to be near the water to have a flood. Flooding can be caused by surface accumulation. New land development can increase flood risk, especially if the construction changes natural runoff paths. Nearly 20% of flood insurance claims come from moderate to low risk areas.

Q. How much will a flood policy cost me?

A. Premiums start as low as $567 per year for both Building and Contents, while Contents Only coverage starts at $162 per year for a Preferred Risk Policy.

Q. What is the maximum amount of insurance I can get for my business?

A. Commercial coverage is available up to $500,000 for your building and up to $500,000 to protect your contents.

Q. Why can't I just wait until a storm is coming to purchase flood insurance?

A. Typically, there's a 30-day waiting period from date of purchase before your policy goes into effect. That means now is the best time to buy flood insurance.